Cmcarts INC FY2021 filing

Frederiksted, VI · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible Latest data FY2021
Revenue
$465K
▲ +70% vs prior year
Spent
$386K
To programs
96%
Net assets
$251K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
2 funders, incl. Community Foundation of the Virgin Islands INC
$16K in the latest grant year.
Spent on programs?
96% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +70% vs prior year
Legal name (IRS)Hdr · item CCmcarts INC
EINHdr · item D66-0529152
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2004
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CFrederiksted, VI
NTEE classificationIRS BMFArts & Culture (A50)
WebsiteHdr · item Jwww.cmcarts.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$369K
Management & general4%$17K
Total functional expensesLn 25$386K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$465K
FY2021▲ +70%
Expenses
$386K
FY2021▲ +84%
Program efficiency
96%
of spending reaches programs
Operating runway
10.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$385K
FY2021▲ +37%
Total liabilities
$134K
FY2021▲ +23%
Revenue less expensesPt I · Ln 19$79K
Total assetsPt X · Ln 16$385K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$344K
Total assetsLn 16$385K
Total liabilitiesLn 26$134K
Total net assetsLn 32$251K
Months of cash on handcomputed10.7

Statement of Revenue

Part VIII
Contributions & grants$293K · 63%
Program service revenue$144K · 31%
Other revenue$26K · 6%
Contributions & grants63%$293K
Program service revenue31%$144K
Other revenue6%$26K
Investment income$1K
Total revenueLn 12$465K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $344K · Operating expenses/yr $386K
10.7 months
Where the money goes
Program services
Program services $369K · Total expenses $386K
96%
Management & General
Management & general $17K · Total expenses $386K
4%
Fundraising
Fundraising $0 · Total expenses $386K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $243K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $293K · Total revenue $465K
63%
Government reliance
Government grants — · Total revenue $465K
—
Earned-income share
Program service revenue $144K · Total revenue $465K
31%
Investment reliance
Investment income $1K · Total revenue $465K
+0.3%
Program self-sufficiency
Program service revenue $144K · Total expenses $386K
37%
Growth & trend
Revenue growth (YoY)
This year $465K · Prior year $274K
+70%
Net-asset trend (YoY)
End of year $251K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $465K · Expenses $386K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $385K
—
Net-asset ratio
Net assets $251K · Total assets $385K
65%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $385K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan Atkins · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $386K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $106K · Total expenses $386K
28%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 4%——
Fundraising cost ratio 0%——
Revenue growth 70%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Cmcarts INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Preserves, promotes, and exhibits Caribbean arts and culture.

Provided by the organization

This section is blank until Cmcarts INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $369K of program spending, described in the organization's own filed words · FY2021.
01

To preserve, promote, and exhibit the arts of the caribbean community. To provide an interactive environment that courages children, youth, and adults to learn positive forms of expression.

$369Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$16K

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $448K$531K-20% 990 PDF
FY2023 $559K$571K-2% 990 PDF
FY2022 $567K$566K+22% 990 PDF
FY2021 Viewing $465K$386K+70% 990 PDF
FY2020 $274K$210K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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